NATIXIS - 2018 Registration document and annual financial report

PRESENTATION OF NATIXIS Natixis’ businesses

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Natixis Investment Managers: more than 20 specialized asset management companies in the US, Europe and Asia (assets under management in billions of euros at end-2018) Active Index Advisors (€1.2 billion): discretionary index-based strategies j AEW (€53.2 billion): real estate asset management, real estate investment trusts (SCPI) and real estate mutual funds (OPCI) j Alliance Entreprendre (€0.2 billion): private equity j Alpha Simplex Group LLC (€5.5 billion): quantitative investment management j Darius Capital Partners (€0.7 billion): alternative investment advisory (hedge funds) j DNCA Finance (€23.5 billion): fixed income and equities j Dorval Asset Management (€2.2 billion): flexible management j Flexstone Partners (1) (€4 billion): private equity j Gateway Investment Advisers, LLC (€10.2 billion): hedged equity j H2O Asset Management (€28.4 billion): global macro multi-strategy and international fixed income j Harris Associates (€94.1 billion): US and international value stocks j Investors Mutual Limited (€5.5 billion): value-based Australian equities j Loomis, Sayles & Co. (€218.4 billion): equities (growth, core, value) and fixed income (core to high yield) j Mirova (€10 billion): SRI equity and fixed income, infrastructure project financing; j Managed Portfolio Advisors Overlay (2) (€10.3 billion), overlay strategies j MV Credit (€1.8 billion): real assets j Naxicap Partners (€3.2 billion): private equity j OSSIAM (€3.1 billion): strategy index-based ETFs (Exchange Traded Funds) j Ostrum Asset Management (€247.7 billion): fixed income and equities j Seeyond (€8 billion): structured products and volatility j Seventure Partners (€0.6 billion): private equity j Vaughan Nelson Investment Management (€10.2 billion): value stocks and bonds j

Wealth management 1.3.1.2 The Wealth Management Division serves two types of clients: the wealth management customers of BPCE’s retail banking networks along with business from Natixis (Group sourcing); and direct clients (major private investors, business owners and their families). It provides its clients with a wide range of expertise based on private equity, structured products and real estate solutions offered in close cooperation with several Natixis entities. In addition, Natixis Wealth Management has developed its own expertise in wealth engineering, credit facilities and corporate advisory. Natixis Wealth Management also relies on its wholly-owned asset management subsidiary VEGA Investment Managers—which covers collective investment management, separately managed mandates, advisory and fund selection— and on all Natixis Investment Mangers’ affiliates to provide various products and services to its clientele. New accounts and new life insurance policies are now opened digitally via the Fronting Digital system. This system simplifies the process for new business relationships, while also ensuring transactions security and reliability. Staff can use the time saved on administrative formalities to spend more time to advising and supporting clients.

At the end of 2017, Natixis decided to reposition its wealth management business by focusing on the High Net Worth Individuals segment (HNWI), while also simplifying its business model, stepping up its digital transformation and better leveraging expertise within the Group. This led notably to a change in brand, from Banque Privée 1818 to Natixis Wealth Management, covering its business in France, Luxembourg and Belgium. In 2018, Natixis Wealth Management sold its Sélection 1818 platform, which was dedicated to independent wealth management advisors and no longer fitted within the business's development strategy. In addition, consistent with its repositioning on the HNWI segment, it announced the acquisition of asset management and investment consulting company Massena Partners, with a clientele solely focused on the HNWI segment, and signed a partnership with Essling Capital to bolster its private equity and real estate club deal offerings. In 2018, excluding Sélection 1818, Natixis Wealth Management had net inflows of €2.2 billion, increasing managed assets to €26 billion, an increase of 3%.

Launched in January 2019, it brings together three of Natixis Investment Managers’ existing private equity affiliates: Euro-PE, Caspian Private (1) Equity and Eagle Asia. A division of Natixis Advisors, L.P. (2)

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Natixis Registration Document 2018